More than five million workers pay into the Social Security system


Share post:

The Minister of Labor, Solidarity and Social Security said today that the most recent figures show that there are currently more than five million active workers paying into Social Security.

Ana Mendes Godinho was speaking at a hearing in the Budget and Finance and Labor, Social Security and Inclusion committees, as part of the general appraisal of the proposed State Budget for 2024 (OE2024).

She pointed out that the evolution of employment “has been very dynamic”, adding that the latest figures, from January to August, show that more than five million workers are participating in and paying into Social Security”.

The number of foreign workers paying into Social Security reached a “record number” of 720,000 by August, said the minister.

Mendes Godinho pointed out that the unemployment rate is “historically low”, at 6.7%, noting that for next year the government expects it to remain stable.

The dynamism of the labor market is reflected in the revenue from contributions, and the government expects to reach the end of the year with revenue of 24 billion euros from contributions, an increase of 13% on the previous year.

The SB2024 proposal will be debated in general in parliament on October 30 and 31, with the final overall vote scheduled for November 29.

Iris Lavan
Iris Lavan
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

Related articles

PSD/Madeira leader says Socialist government has “fallen apart”

The leader of the PSD/Madeira and president of the PSD/CDS-PP coalition regional executive, Miguel Albuquerque, said today that...

Lisbon, pastéis de nata and fado give color to the new film by Emma Stone and Yorgos Lanthimos

Emma Stone's new film, "Poor Creatures", which opens in Portuguese theaters on January 25, 2024, has a crucial...

Fado singer Maria João Quadros has died and “with her, real fado ends”

Fado singer Maria João Quadros died on Friday at the age of 73, leaving friends and artists dismayed,...

Ryanair calls for “immediate opening” of Montijo airport, the “obvious solution”

Irish company asks government to "stop wasting time on 'studies' and 'commissions'". The Independent Technical Commission (CTI) considered Montijo...